Q: Would you consider these 2 ETF's equivalents?
5i Research Answer:
TCSH is a money market and short-term fixed income securities ETF with an MER of 0.16%, 135 holdings, $698M in AUM, and a yield of 2.9%.
ZMMK is also a money market and short-term fixed income ETF with an AUM of 0.13%, $5.6B in AUM, 434 holdings, and a yield of 2.3%.
We would give ZMMK the slight edge due to its better liquidity, but if liquidity is not a factor, we would prefer TCSH.